Alpha Prime Trade Journal - Week Ended 5/19/17

This week was an excellent test of the beta-neutral hedging strategy. The market sold off aggressively on Wednesday and we sustained minimal damage to our returns for the week. In fact, given the softness we saw mid-week, we had a very profitable week despite being stopped out of so many long positions.

The portfolio had an increase of 0.6% this week while the S&P 500 was down almost -0.4%. Since we started trading the portfolio five weeks ago we have a cumulative gain in the portfolio of 2.2% (unlevered) while the S&P 500 is down -0.3%.

Portfolio Metrics

Portfolio Stats & Performance

Long Portfolio

Short Portfolio

Closed Long Positions

Closed Short Positions

Joseph S. Kalinowski, CFA

Email: joe@squaredconcept.net
Twitter: @jskalinowski
Facebook: https://www.facebook.com/JoeKalinowskiCFA/
Blog: http://squaredconcept.blogspot.com/
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The above information should not be construed as a solicitation to buy or sell the securities discussed herein.  The publisher of this report cannot verify the accuracy of this information.  The owners of Squared Concept Asset Management, LLC and its affiliated companies may also be conducting trades based on the firm’s research ideas.  They also may hold positions contrary to the ideas presented in the research as market conditions may warrant.

This analysis should not be considered investment advice and may not be suitable for the readers’ portfolio. This analysis has been written without consideration to the readers’ risk and return profile nor has the readers’ liquidity needs, time horizon, tax circumstances or unique preferences been considered. Any purchase or sale activity in any securities or other instrument should be based upon the readers’ own analysis and conclusions. Past performance is not indicative of future results.